altex inc. manufactors two products:car wheels and truck wheels.

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product line, the controller, Robert Hermann, has developed the following information Car 39,000 Estimated wheels produced Direct labor hours per wheel Truck 11,000 3 1 Total estimated overhead costs for the two product lines are $835,200. (a1) Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Car Wheels Truck Wheels Setting up machines $ $ $ Assembling $ Inspection $ Total cost assigned $ $ Compute the activity-based overhead rates for these three cost pools. Overhead Rates Setting up machines Assembling $ Inspection $ Calculate overhead rate. (Round answer to 2 decimal places, e.g. $12.25.) Overhead rate $ per direct labor hour LINK TO TEXT Compute the overhead cost assigned to the car wheels and truck wheels, assuming that direct labor hours is used to allocate overhead costs. Car wheels S Truck wheels $